Pettinaro Brings National Law Firm to the Riverfront Star Building

Pettinaro Brings National Law Firm to the Riverfront Star Building

April 5, 2011

Press Release

Star Building, LLC is proud to announce that Grant & Eisenhofer, PA-a Delaware based national law firm with additional offices in New York City and Washington, DC and clients worldwide-will base it’s new headquarters at the recently constructed Star Building located on the Riverfront of Wilmington, Delaware.

This lease represents the first principal tenant lease in the +/-150,000 SF office building completed in late 2010 by Pettinaro Construction Company. Additional space is still available for lease in this building and Pettinaro is currently working on securing additional tenants to join Grant & Eisenhofer. They are scheduled to take possession in December of 2011.

"We are excited to open the building with Grant & Eisenhofer,” said Gregory Pettinaro. “As lead tenant, G&E will set the tone for other users in the office building. Bringing more professional employees to the Riverfront is a goal that is coming to fruition with a highly regarded, nationally recognized law firm. The overall Riverfront office vacancy rate is 8.33%. The Wilmington CBD is 21%."

Grant & Eisenhofer P.A. is a national litigation boutique that concentrates on corporate governance and securities litigation and other complex class actions. G&E represents public and private institutional investors across the globe who have been damaged by corporate fraud, greed and mismanagement. G&E has been named as one of the top firms for shareholder recovery by RiskMetrics Group and has earned a place in The National Law Journal’s Plaintiffs’ Hot List Hall of Fame. The firm is listed as one of America’s Leading Business Lawyers by Chambers and Partners, reporting that G&E “commanded respect for its representation of institutional investors in shareholder and derivative actions, and in federal securities fraud litigation."

"We chose the Star Building after an extensive search of the marketplace including North Wilmington, Downtown, and surrounding areas,” said Nick Pournader, Chief Operating Officer and CFO of Grant & Eisenhofer. “We are pleased with the decision to move to the Riverfront and look forward to making the Star Building our new home later this year,” said Pournader.

The Pettinaro Company, founded in 1964, is a second generation, family-owned and managed real estate holding company led by Gregory Pettinaro. With in-house construction, architectural and real estate departments, the company designs, develops, constructs, leases and manages all of its properties. Headquartered in Newport, Delaware, they also control other office buildings on the Riverfront including the Crescent (Barclays) Building, Gates Building and DCM Building.

Pettinaro is also pleased to announce that The Shipyard, formerly known as the “Shipyard Shops” will soon be home to Ubon, a new Thai restaurant owned by the operators of Jeenwong’s Thai Cuisine which is currently (and will continue to be) operating in the Riverfront Market. The Shipyard, has quietly and steadily risen from a very low occupancy rate after the apparel retail outlets left the property in 2007 and 2008 to a solid 76% occupancy with tenants like Planet Fitness, University of Phoenix, SSD, Amtrak, and Philips and Cohen.